Asian shares looked set for a mixed start on Tuesday after U.S. stock indexes recorded gains amid an improvement in sentiment over U.S.-China trade developments. Nikkei futures traded in Chicago were up 0.13 percent against the index’s last close at 22,895 while Australian SPI futures were flat at the end of Monday. That followed a […]
Read moreA Tesla Model S that crashed into a stopped fire truck at high speed was operating in Autopilot mode, the driver of the car told Utah police officials Monday. Tesla says it continues to work with South Jordan police on the investigation, and has not yet released details of the incident based on the car’s […]
Read moreFormer head of J.P. Morgan’s blockchain arm Amber Baldet has finally announced her next move. The former bank executive started a new blockchain company called Clovyr. “It’s a way to help people think differently about decentralized application design,” Baldet said Monday at the Consensus blockchain conference in New York. Baldet’s post-J.P. Morgan plans have been […]
Read moreAmazon will now include women and minority candidates in its board search going forward, following shareholder complaints about the company’s lack of diversity. In a public filing Monday, Amazon pledged to include “women and minority candidates” in the pool from which the company’s board committee selects director candidates. The company’s committee charter has been updated […]
Read moreIn June 1999, Jeff Bezos sat down with CNBC to announce a deal between Amazon and Sotheby’s to start a collectible bidding site. Within a few years, the failed venture would be seen as one of Amazon’s early mistakes as a company. Amazon wasn’t always the e-commerce powerhouse it is today. In its early days, […]
Read moreWhile adoption of electric vehicles is picking up around the world, industry pioneer Tesla is facing a critical juncture and has started what CEO Elon Musk has characterized as a “thorough reorganization” of the company. Shares fell 3 percent on Monday in a mixed market. What’s putting the most pressure on the car maker? Tesla […]
Read moreTed Sarandos, Netflix’s chief content officer, said one of the ways the company was able to lure screenwriter Ryan Murphy is by showing him how the intelligent use of data helps movies be much more successful. Murphy, the creator of “Glee and “Nip/Tuck,” announced a $300 million deal with Netflix earlier this year. Sarandos said […]
Read moreSymantec executives hosted a conference call on Monday to “provide more information” on an internal investigation, which sent shares plunging when it was announced last week. But the call did little more than acknowledge the investigation. Symantec CEO Greg Clark explained on the call that executives “can’t answer any questions about the investigation,” and instructed […]
Read moreOne of the growing trends in Amazon‘s business is its fattening profit margins. In the first quarter, it had $1.6 billion in net income — more than double from last year and only the second quarter in company history to top $1 billion in profit. That change is partly driven by the growth in Amazon’s […]
Read moreCME launched two indexes on Monday for tracking ethereum, spurring speculation the world’s largest futures exchange may launch another cryptocurrency futures product soon. But the company said it has no plans right now for ethereum futures, although the structure of the indexes is very similar to the ones behind CME’s bitcoin futures. “The focus right […]
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